Rich Countries Have 'kicked Away The Ladder'

Democracy Is Acceptable To Neo-liberals Only In So Far As It Does Not Contradict The Free Market.

The Invention Of The Printing Press Was One Of The Most Important Events In Human History.

The Korean Economic Miracle Was The Result Of A Clever And Pragmatic Mixture Of Market Incentives And State Direction.

As South Korea Shows, Active Participation In International Trade Does Not Require Free Trade. Indeed, Had South Korea Pursued Free Trade And Not Promoted Infant Industries, It Would Not Have Become A Major Trading Nation. It Would Still Be Exporting Raw Materials (e.g., Tungsten Ore, Fish, Seaweed) Or Low-technology, Low-price Products (e.g., Textiles, Garments, Wigs Made With Human Hair) That Used To Be Its Main Export Items In The 1960s.

Since The 1980s, We Have Given The Rich A Bigger Slice Of Our Pie In The Belief That They Would Create More Wealth, Making The Pie Bigger Than Otherwise Possible In The Long Run. The Rich Got The Bigger Slice Of The Pie All Right, But They Have Actually Reduced The Pace At Which The Pie Is Growing.